of October 13, 2008 No. 173-FZ
About additional measures for support of financial system of the Russian Federation
Accepted by the State Duma on October 10, 2008
Approved by the Federation Council on October 13, 2008
1. The state corporation of development "ВЭБ.РФ" (further - ВЭБ.РФ) from the date of entry into force of this Federal Law and till December 31, 2009 has inclusive the right to provide to the organizations meeting the requirements established according to this Article, the credits (loans) in foreign currency with possibility of prolongation of term of their use for repayment and (or) servicing of the credits (loans) obtained by these organizations till September 25, 2008 from the foreign organizations to acquire the rights to claim at foreign creditors against these organizations for the obligations which arose till September 25, 2008 and to perform for present purposes other transactions according to solutions of the supervisory board of ВЭБ.РФ. Total amount of the specified credits (loans), and also the rights of requirements acquired by ВЭБ.РФ shall not exceed the amount equivalent to 50 billion US dollars.
2. The minimum interest rate on the loans granted according to this Article shall exceed the rate of LIBOR in US dollars for a period of one year established for date of loan granting, and in case of prolongation of term of use of the credit - established for date of agreement signature about prolongation of term of use of such credit, on 5 at least percent points.
3. Requirements to loanees (loans), procedure and conditions of provision of the corresponding credits (loans), and also requirements to the organizations which the rights to claim according to obligations are acquired, established by the supervisory board of ВЭБ.РФ.
4. As one of conditions of loan granting (loan) the obligation of the loanee (loan) until repayment of the corresponding credit (loan) can be established to approve with ВЭБ.РФ receipt of the credits (loans) from the third parties and essential conditions of agreements on receipt of such credits (loans).
1. For the purpose of possibility of provision of ВЭБ.РФ of the credits (loans) specified in article 1 of this Federal Law, the Central bank of the Russian Federation after day of entry into force of this Federal Law places in ВЭБ.РФ deposits for the total amount no more than 50 billion US dollars for a period of one year at the rate exceeding on 1 percent point the rate of LIBOR in US dollars for a period of one year established for date of deposit placement with possibility of prolongation of term of placement.
1.1. In case of prolongation by the Central bank of the Russian Federation of term of placement of deposits in ВЭБ.РФ for determination of rate according to this Article the rate of LIBOR in US dollars for a period of one year established for date of agreement signature about prolongation of term of placement of such deposits is used.
2. The means placed according to this Article can be used by ВЭБ.РФ only for the purposes specified in article 1 of this Federal Law.
Central Bank of the Russian Federation from the date of entry into force of this Federal Law and till December 31, 2010 has inclusive the right to sign with credit institutions agreements according to which the Central bank of the Russian Federation shall compensate to such credit institutions part of losses (expenses) which arose at them according to the transactions with other credit institutions made from the date of entry into force of this Federal Law and till December 31, 2010 inclusive from which the license for banking operations was revoked.
1. Resources of the national welfare fund can be placed in ВЭБ.РФ on deposits for the total amount no more than 410 billion rubles according to the procedure established by the Government of the Russian Federation, with the following provisions:
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